Hong Kong SAR, China - Plastic or Non-Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic or Non-Precious Metal Watch in Hong Kong SAR - 2023
Contents:
- Price for Plastic or Non-Precious Metal Watch in Hong Kong SAR (FOB) - 2022
- Price for Plastic or Non-Precious Metal Watch in Hong Kong SAR (CIF) - 2023
- Exports of Plastic or Non-Precious Metal Watch in Hong Kong SAR
- Imports of Plastic or Non-Precious Metal Watch in Hong Kong SAR
Price for Plastic or Non-Precious Metal Watch in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $27 per unit, remaining constant against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2013 an increase of 532%. As a result, the export price reached the peak level of $94 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($96 per unit), while the average price for exports to the Philippines ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Plastic or Non-Precious Metal Watch in Hong Kong SAR (CIF) - 2023
The average import price for plastic or non-precious metal watches stood at $45.7 per unit in September 2023, growing by 14% against the previous month. In general, import price indicated a mild increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, plastic or non-precious metal watch import price decreased by -21.6% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 47% month-to-month. Over the period under review, average import prices attained the peak figure at $82.3 per unit in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($76.5 per unit), while the price for China amounted to $11.4 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%).
Exports of Plastic or Non-Precious Metal Watch in Hong Kong SAR
In 2022, the amount of plastic or non-precious metal watches exported from Hong Kong SAR declined to 137M units, dropping by -14.6% on 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The exports peaked at 199M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plastic or non-precious metal watch exports fell significantly to $3.7B in 2022. In general, exports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $4.4B, and then contracted notably in the following year.
| Export of Plastic or Non-Precious Metal Watch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 948 | 636 | 966 | 848 | -3.6% |
| China | 508 | 764 | 868 | 481 | -1.8% |
| Germany | 267 | 181 | 220 | 222 | -6.0% |
| Philippines | 90.8 | 184 | 238 | 216 | 33.5% |
| Japan | 379 | 268 | 241 | 169 | -23.6% |
| United Arab Emirates | 2.5 | 1.4 | 1.1 | 107 | 249.8% |
| Italy | 100 | 79.0 | 89.2 | 100 | 0.0% |
| Netherlands | 90.0 | 91.5 | 99.3 | 88.3 | -0.6% |
| United Kingdom | 118 | 66.8 | 74.5 | 87.3 | -9.6% |
| Spain | 75.1 | 29.5 | 68.2 | 81.4 | 2.7% |
| India | 76.2 | 32.7 | 56.5 | 71.3 | -2.2% |
| Indonesia | 123 | 39.9 | 29.3 | 56.9 | -22.7% |
| Turkey | 46.2 | 27.2 | 38.2 | 45.0 | -0.9% |
| Others | 1,444 | 920 | 1,386 | 1,107 | -8.5% |
| Total | 4,268 | 3,321 | 4,375 | 3,681 | -4.8% |
Top Export Markets for Plastic or Non-Precious Metal Watch from Hong Kong SAR in 2022:
- United States (31.5M units)
- Philippines (19.8M units)
- Germany (8.8M units)
- Japan (7.3M units)
- Indonesia (5.1M units)
- United Kingdom (5.1M units)
- China (5.0M units)
- Netherlands (4.2M units)
- Spain (3.8M units)
- United Arab Emirates (3.3M units)
- India (3.3M units)
- Turkey (3.1M units)
- Italy (3.1M units)
Imports of Plastic or Non-Precious Metal Watch in Hong Kong SAR
In 2022, the amount of plastic or non-precious metal watches imported into Hong Kong SAR contracted sharply to 85M units, shrinking by -23.8% against 2021 figures. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked at 157M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plastic or non-precious metal watch imports shrank rapidly to $2.8B in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked at $4.1B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Plastic or Non-Precious Metal Watch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,574 | 1,013 | 1,332 | 1,113 | -10.9% |
| China | 1,424 | 812 | 1,024 | 911 | -13.8% |
| Japan | 126 | 149 | 356 | 369 | 43.1% |
| Thailand | 93.4 | 88.5 | 126 | 141 | 14.7% |
| Others | 838 | 876 | 1,028 | 261 | -32.2% |
| Total | 4,056 | 2,939 | 3,866 | 2,795 | -11.7% |
Top Suppliers of Plastic or Non-Precious Metal Watch to Hong Kong SAR in 2022:
- China (74.6M units)
- Thailand (2.5M units)
- Switzerland (2.0M units)
- Japan (1.4M units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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